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GNDE - GRINDROD LIMITED - Notice in terms of section 45(5) of the Companies Act no 71 of 2008 (the act)

02/09/2013 09:47:00

GND 201309020019A
Notice in terms of section 45(5) of the Companies Act, no 71 of 2008 (“the act”)

GRINDROD LIMITED
(Registration number: 1966/009846/06)
Share code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
(“Grindrod” or “the Company”)

NOTICE IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT, NO 71 OF 2008
(“the Act”)

1. On 29 May 2013, the shareholders of Grindrod approved a special
resolution authorising the board of directors of Grindrod (“the
Board”) to provide financial assistance to related and inter-
related companies.

2. The Board has, pursuant to the above authorisation at a board
meeting held on 30 August 2013 and in accordance with
section 45 of the Act, resolved to provide guarantees to
related and inter-related companies, to secure the banking
facilities required by such companies.

3. The total financial assistance provided to related and inter-
related companies in terms of resolutions passed by the Board
during the current financial year exceeds one-tenth of one
percent of Grindrod's net worth.


Sponsor : Grindrod Bank Ltd
2 September 2013

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